Intel is laying off thousands of US workers in AI restructuring — CEO Lip-Bu Tan says it’s “too late” to catch up with the competition

These job cuts are a consequence of a company announcement made by CEO Lip-Bu Tan, who informed his team that Intel no longer ranks among the top 10 semiconductor companies. Furthermore, he stated that it is now impractical for them to develop in-house AI models on hardware that struggles to challenge NVIDIA’s market supremacy within this field (as reported by Oregon Live).








